Know how bank-to-bank money transfer apps improve your banking experience

Today fFinancial services are more accessible than ever, thanks to the advent of internet and mobile banking apps. You can enjoy flawless and hassle-free banking experience like bank-to-bank money transfers, easy account opening, and other e-banking services at your fingertip. In the article below, we’ll discuss how bank-to-bank money transfer apps improve your banking experience.

Influence of mobile apps in the banking sector

Banks and financial institutions offer comprehensive financial services through online banking. However, accessing these services via internet banking can be time-consuming. Mobile banking apps, on the other hand, provide easy accessibility since they are convenient to use.

You can access various services like money transfers, utility bill payments, credit card payments, investments, etc. Most banks offer online banking through mobile applications. To get the app, you need to download it from Play Store or App Store and register for online banking.

IDFC FIRST Bank’s digital mobile banking application is the talk of the town, as the mobile application comes with comprehensive financial services and incredible speed. Using the app, you can conveniently open a bank account within a few minutes and enjoy various services such as bill payment, opening high-yielding deposit accounts, investing in mutual funds, etc. The app is available for both iOS and Android users.

How has the bank-to-bank money transfer app improved the banking experience?

Money transfer apps make it easy to send money. You can instantly transfer money from one bank to another through various payment methods such as IMPS, NEFT, RTGS, and UPI. Here are several ways in which the banks have enhanced our banking experience.

  • The convenience of money transfer

Mobile banking apps have made money transfers easy. You can send money between accounts instantly. They offer an easy user interface that helps you transfer funds without hassles. Moreover, with UPI transfers, you don’t even need to enter the bank account details of the beneficiaries, as money can be sent using their UPI ID or mobile number.

  • Security

Banks and financial institutions offer multiple levels of security to protect against fraud and unauthorised access. A mobile banking app registers your device on your consent and can be only used on one mobile phone at a time.

  • Comprehensive banking services

With a mobile banking app, you can enjoy a wide range of financial services without visiting the bank in person. You can open a bank account, transfer money, and invest in deposit and mutual funds from the comfort of your home. You can also monitor your account and control your banking transactions without any hassles.

  • Enhanced user experience

You can personalise the mobile banking application as per your use using the customisation option. Set up a quick menu to save time on services such as account summary, money transfer, utility bill payment list, etc. You can also enter your credit card details issued by your bank to manage them conveniently.

IDFC FIRST Bank offers complete control of your credit card, and you can set limits on your transaction and block and unblock your card with just one click.

Using mobile banking apps, you can enjoy financial services and products anywhere and anytime. These apps have enhanced the banking experience for bank customers. If you haven’t opted for mobile apps yet, download them and enjoy banking services at your fingertip.